MAYMEIscrapped
Latest ports
Latest Waypoints
Latest news
Beached
Beached at Alang 10.10.26 https://www.facebook.com/reel/2559422504535372
arrived Bhavnagar Anchorage
arrived Bhavnagar Anchorage 09.10.26
US sanctioned tanker after arrival in Chittagong for recycling, importer moves to return ship
The 'Maymei', which was imported for recycling in Bangladesh, has become stranded at Chattogram Port's outer anchorage, after sanctions were imposed on the vessel by the US Department of State and the Office of Foreign Assets Control (OFAC) as part of Washington's broader efforts to target Iran's petrochemical trade. The chemical tanker had arrived at Chattogram on May 22, 2026, after being sold for demolition. However, on May 28, the US administration placed the vessel on its sanctions list, preventing it from being beached at a ship recycling yard. The unexpected development prompted the importer SN Corporation to initiate steps to return the ship to its owner. The vessel's estimated scrap value was around $4.96 million. US authorities alleged that the tanker was involved in transporting Iranian petrochemical products in July 2024. Alongside the vessel, the US also sanctioned its Hong Kong-based owner and commercial manager, the Ever Shining Ltd., as well as another vessel under the company's control, Flora. The SN Corporation has not yet released the funds. As the principal owner has agreed to take back the vessel, the return process was to begin shortly. The importer would still incur financial losses despite not having released payment for the vessel. The case underscored the increasing challenges facing ship recyclers as sanctions enforcement intensified globally and scrutiny grows over vessels with links to sanctioned cargoes, entities or jurisdictions. If the vessel is ultimately returned, it would be one of the rare instances in Bangladesh's ship recycling history in which an imported scrap vessel failed to reach a recycling yard because international sanctions were imposed after its arrival in the country.
Upload News